Natural resources: other; HOPE zone exemption; provide for. Amends sec. 51105 of 1994 PA 451 (MCL 324.51105). TIE BAR WITH: HB 5852'26

This bill amends Michigan's Natural Resources and Environmental Protection Act to exempt commercial forestland located in HOPE zones from a specific annual tax per acre. The legislation directly affects landowners in designated HOPE zones by removing their property from the specific tax roll that currently charges a fee ranging from $1.10 to $1.20 per acre, with scheduled increases every five years. By tying this change to a companion bill, the measure ensures that forestland in these economic development areas receives the same tax relief as land in Renaissance zones. If enacted, the exemption applies only for the duration and to the extent specified by the existing HOPE zone act.